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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #12309 Date: 07/15/2022 Commission Meeting Date: 09/13/2022 Requesting Department: Department of Housing and Community Development Sponsored By: District Impacted: All Type: Resolution Subject: Acceptance of Additional SHIP Fund FY 2021 - 2022 Purpose of Item: AUTHORIZING THE ACCEPTANCE OF ADDITIONAL STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") FUNDS IN THE AMOUNT OF $75,145 FOR STATE FISCAL YEAR ("FY") 2021-2022 FUNDS, FOR THE STRATEGIES UNDER THE CURRENT SHIP LOCAL HOUSING ASSISTANCE PLAN ("LHAP"); FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS INCLUDING AMENDMENTS, RENEWALS, EXTENSIONS, AND MODIFICATIONS, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE NECESSARY FOR SAID PURPOSE, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS. Background of Item: In July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act ("Sadowski Act") which allocates a portion of new and existing documentary stamp taxes, which were paid on the transfer of real estate, to local governments for the development and maintenance of affordable housing. The Sadowski Act provides a dedicated revenue source for affordable housing and it has created the Florida State Housing Initiative Partnership ("SHIP") program. Pursuant to Resolution No.21-0343 adopted on September 13, 2021, the Miami City Commission approved the amount of $2,088,221.00 for State FY 2021-2022 for the strategies under the current SHIP Local Housing Assistance Plan ("LHAP") the City of Miami ("City) allowing the City's continued participation in the SHIP program. On June 28, 2022, the Florida Housing Finance Corporation notified the City of Miami ("City") of an additional allocation for State FY 2021-2022 in the total amount of $75,145.00, for a total allocation of $2,163,366.00. The City Administration recommends the acceptance of the additional funds in the amount of $75,145.00 in SHIP program funds for State Fiscal Year ("FY") 2021-2022 for the strategies under the current SHIP LHAP. Budget Impact Analysis Item is NOT Related to Revenue Item is an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: $75,145.00 Special Revenue Account No: 14003.434000.910101.0.0 Department of Community Review Completed Office of Management and Office of Management and City Manager's Office City Manager's Office Legislative Division Office of the City Attorney Office of the City Attorney City Commission City Commission Office of the Mayor Office of the City Clerk Office of the City Clerk Reviewed B and Economic Development 07/15/2022 11:25 AM Budget Luis Hernandez -Torres Budget Marie Gouin Larry M. Spring Arthur Noriega V Marta Gomez Richard Appleton Victoria Mendez Nicole Ewan Nicole Ewan Mayor's Office City Clerk's Office City Clerk's Office George Mensah Department Head Budget Analyst Review Completed 07/28/2022 12:33 PM Budget Review Completed 07/28/2022 7:05 PM Assistant City Manager Review Completed 08/09/2022 9:09 AM City Manager Review Completed 08/09/2022 12:01 PM Legislative Division Review Completed 08/09/2022 12:41 PM ACA Review Completed 08/23/2022 6:49 PM Approved Form and Correctness Completed 08/24/2022 4:06 PM Meeting Completed 09/08/2022 9:00 AM Meeting Completed 09/13/2022 9:00 AM Signed by the Mayor Completed 09/23/2022 1:51 PM Signed and Attested by the City Clerk Completed 09/23/2022 2:05 PM Rendered Completed 09/23/2022 2:05 PM City of Miami Legislation Resolution Enactment Number: R-22-0335 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 12309 Final Action Date:9/13/2022 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE ACCEPTANCE OF ADDITIONAL STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") PROGRAM FUNDS IN THE AMOUNT OF $75,145.00 FOR FISCAL YEAR 2021-2022 FOR THE STRATEGIES UNDER THE CURRENT SHIP LOCAL HOUSING ASSISTANCE PLAN; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS INCLUDING AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS FOR SAID PURPOSE. WHEREAS, in July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act ("Sadowski Act") which allocates a portion of new and existing documentary stamp taxes, which were paid on the transfer of real estate, to local governments for the development and maintenance of affordable housing; and WHEREAS, the Sadowski Act provides a dedicated revenue source for affordable housing and it has created the Florida State Housing Initiatives Partnership ("SHIP") program; and WHEREAS, pursuant to Resolution No. 21-0343 adopted September 13, 2021, the City Commission accepted the amount of $2,088,221.00 for State Fiscal Year ("FY") 2021-2022 for strategies under the current SHIP Local Housing Assistance Plan ("LHAP") allowing the City of Miami's ("City") continued participation in the SHIP program; and WHEREAS, on June 28, 2022, the Florida Housing Finance Corporation notified the City of an additional allocation for State FY 2021-2022 in the total amount of $75,145.00, for a total allocation of $2,163,366.00 for State FY 2021-2022; and WHEREAS, the City Administration recommends the acceptance of the additional SHIP program funds in the amount of $75,145.00 for State FY 2021-2022 for the strategies under the current SHIP LHAP; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The acceptance of additional SHIP funds in the total amount of $75,145.00 for State FY 2021-2022 for the strategies under the current SHIP LHAP is authorized.' Section 3. The City Manager is authorized to negotiate and execute any and all necessary documents, including amendments, extensions, and modifications, all in forms acceptable to the City Attorney, subject to all federal, state, and local laws that regulate the use of such funds for said purpose. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: ndez, ity Attor ey 8/24/2022 1 The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited, to those prescribed by applicable City Charter and City Code provisions. 2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission.